Azteca Comunicaciones to invest more in Colombia
Azteca Comunicaciones, a company belonging to Mexico's Grupo Salinas, is planning to invest US$40mn in strengthening and improving services and connectivity in Colombia, where it operates a fiber network covering more than over 900 municipalities.
So far the company has invested US$500mn in Colombia, including US$100mn approved earlier this year, Azteca Communications Colombia's CEO Nibaldo Toledo was reported as saying by Colombian daily Portafolio.
Azteca won the concession to design, deploy, and operate the network in 2011. At the beginning of this year the company was serving some 7,000 business clients and that number is expected to reach 20,000 by year-end.
Toledo said the company has more responsibility, as its fiber network now serves 150,000 homes and 1,700 public internet spots belonging to the Vive Digital inclusion program.
Azteca's current strategy partly consists of catering to the social housing segment and SMEs, said Toledo.
The executive underscored that broadband coverage stands at 50-60% in Colombia. However, there is a gap between large cities, which can have a coverage close to 100%, and other localities where coverage is under 10%.
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